Papa John’s Anchored Strip
For Sale
Contact for pricing
10901 CRENSHAW BLVD, Inglewood, CA 90303
Multi-tenant strip center with Papa John’s anchor and 100% occupancy on primarily NNN leases.
Property Size8,636 SF
Price / SF$431.33
Days on Market176
Property Features for 10901 CRENSHAW BLVD
General Information
Standard status
Active
Size
8,636 SF
Total Parking Spaces
39
Property subtype
Retail
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$190,061
Building Details
Year Built
1988
Buildings
1
Stories
1
Units
7
Tenancy
Multi
Listing Agency:
CBRE - Ontario
Listed By:
Justin Marlowe · License #CA 01992131
(909) 418-2216
Source:
Crexi
Added: Apr 29
Changed: Oct 20
Last Checked: Oct 20 at 5:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Ontario
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Crenshaw Plaza is an 8,636 SF, multi-tenant strip center that is 100% occupied and anchored by Papa John’s Pizza. The tenant mix includes restaurant, convenience, and service-oriented uses supporting the daily needs of the surrounding residential population. Ownership reports a long-standing history of high occupancy, with many tenants operating at the property for 5+ years.
The property is located at 10901 Crenshaw Blvd in Inglewood, Los Angeles County, and features a rent roll comprised primarily of NNN leases. As a result, operating expense reimbursements are generally structured through the lease agreements.
For investors and operators seeking a stable, occupied retail platform in a dense residential area, Crenshaw Plaza presents a convenience-driven retail configuration with a set of established tenants.
The property is located at 10901 Crenshaw Blvd in Inglewood, Los Angeles County, and features a rent roll comprised primarily of NNN leases. As a result, operating expense reimbursements are generally structured through the lease agreements.
For investors and operators seeking a stable, occupied retail platform in a dense residential area, Crenshaw Plaza presents a convenience-driven retail configuration with a set of established tenants.
Key Highlights
- 8,636 SF multi‑tenant strip center at 10901 Crenshaw Blvd, Inglewood (Los Angeles County), built in 1988
- 100% occupied with a tenant mix that includes a Papa John’s Pizza anchor
- Long‑standing history of high occupancy, with many tenants operating for 5+ years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,292
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,365,840
$4.4M
Cap Rate 7%
$3,118,457
$3.1M
Cap Rate 9%
$2,425,467
$2.4M
Market Conditions
NOI Build-Up for 8,636 SF
Gross rent
$319.2K $36.96/SF
− Vacancy
−$7.3K −$0.85/SF
EGI
$311.8K $36.11/SF
− OpEx
−$93.6K −$10.83/SF
NOI
$218.3K $25.28/SF
Area
Inglewood, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,365,840
Cap Rate 7%
$3,118,457
Cap Rate 9%
$2,425,467
Alternative Uses
Best Use
Retail
$3.12M
$2.73M – $3.64M
NOI $218,292 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,644 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
330k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Dining 36%
Shops & Services 20%
Electronics 4%
McDonald's
Dining
47,317 visits/mo
0.5 miles
Food 4 Less
Groceries
45,505 visits/mo
0.5 miles
Superior Grocers
Groceries
41,663 visits/mo
0.3 miles
Smart & Final
Groceries
32,431 visits/mo
0.5 miles
NORMS
Dining
24,691 visits/mo
0.5 miles
Demographics for 90303, CA
24,490
Population
7,354
Households
3.3
Avg Household Size
35
Median Age
18%
College-Educated
73%
High-School Grad
1.9 sq mi
ZIP Area
12,889
Density / Sq Mi
$70,853
Median Household Income
$36,292
Median Earnings
$1,709
Median Rent
$764,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant strip center with Papa John’s anchor and 100% occupancy on primarily NNN leases.
Where is this strip mall located?
The property is located at 10901 CRENSHAW BLVD Inglewood, CA.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: 8,636 SF multi‑tenant strip center at 10901 Crenshaw Blvd, Inglewood (Los Angeles County), built in 1988; 100% occupied with a tenant mix that includes a Papa John’s Pizza anchor; Long‑standing history of high occupancy, with many tenants operating for 5+ years
